Newspaper: Oil production in Russia increased and returned to pre-sanction levels

The Russian newspaper Kommersant said in a report based on sources that Russian crude oil production in February 2023 returned to its level in the same period a year earlier (February 2022).

Kommersant also suggested that Russian crude oil production this month could exceed February 2022 levels for the first time, with production expected to rise by about 2% in January to more than 1.5 million tons per day.

The newspaper, citing sources, said that the production of Russian oil and condensate for Russia this month amounted to 1.508 million tons per day.

The newspaper pointed out that producers were ramping up oil production ahead of a cut to be implemented next March that the Russian government announced a few weeks ago.

Earlier, Russian Deputy Prime Minister Alexander Novak said that Russia would voluntarily reduce black gold production next month by 500,000 barrels per day.

Novak confirmed that Russia is selling all its oil, but will not sell it to those who directly or indirectly adhere to the price ceiling set by the West for a barrel of Russian oil.

Source: Kommersant

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